You are in Seoul, South Korea. You buy a cup of Starbucks coffee. And just like that, you may have indirectly contributed to the national reserves of Singapore. The Korean franchise of the American coffee chain is just one example of the many unexpected companies and assets that Singapore’s reserves have been invested in.
Join us, as we go on a journey to demystify just what the reserves of Singapore consists of. We bring you never before seen footage of the vault that contains Singapore’s actual gold reserves. We reach out to Singaporeans across the globe, to bring us images of the real estate that Singapore’s reserves are invested in. And we try to answer the much-debated question: Why is the total amount of Singapore’s reserves such a big secret?
01:32 What makes up the “Official Foreign Reserve”?
02:50 Entering Singapore’s secret gold vault
04:18 What does 222 tonnes of gold look like?
07:35 What has GIC invested in on behalf of Singapore?
09:39 Why does Singapore invest worldwide?
10:28 What does Temasek invest in?
12:30 Real estate invested in by Singapore worldwide
14:33 Land and buildings that are part of Singapore’s reserves
15:44 How do we know what counts as part of Singapore’s reserves?
19:20 Just how much is in Singapore’s reserves?
20:50 Why doesn’t Singapore reveal how much is in GIC’s portfolio?
#SingaporeReservesRevealed
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